5 Best Waste Management Stocks to Buy Now

2. Republic Services, Inc. (NYSE:RSG)

Number of Hedge Fund Holders: 41

Republic Services, Inc. (NYSE:RSG) provides environmental services within the United States. The company collects and handles recyclable, solid, and industrial waste materials, as well as transports and disposes of hazardous and non-hazardous waste streams. It is one of the top waste management stocks to monitor. On February 15, Republic Services, Inc. (NYSE:RSG) reported a Q4 non-GAAP EPS of $1.13 and a revenue of $3.53 billion, outperforming Wall Street estimates by $0.11 and $70 million, respectively. 

On February 16, Baird analyst David Manthey raised the firm’s price target on Republic Services, Inc. (NYSE:RSG) to $142 from $136 and maintained a Neutral rating on the shares. The analyst believes that the company’s Q4 2022 results were strong, exceeding his and Street expectations. Furthermore, the 2023 guidance is consistent with the company’s previous commentary, indicating another year of robust performance, Manthey wrote in a research note. 

According to Insider Monkey’s fourth quarter database, 41 hedge funds were long Republic Services, Inc. (NYSE:RSG), and Richard Chilton’s Chilton Investment Company is a prominent stakeholder of the firm, with 1.3 million shares worth $177.6 million. 

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